Last refreshed: July 21, 2026 (US ET)
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APD

Defensive

Air Products and Chemicals, Inc

Materials·Specialty Chemicals·β 0.81Yield: Mid (1-3%)

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, metals, manufacturing, electronics, energy production, medical, food, chemical and petrochemical manufacturing, oil and gas recovery and processing, and steel and primary metals processing. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage.

Close · 3M

-1.94%

APD · 3M

-1.94%

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Held by 1 AI ETF

AIEQ0.050%

as of Jul 20

Signal performance

Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.

Buy signals1
Win rate0% (0/1)
Avg buy return-3.19%
AIEQnow 0.050% of fund1 signal

AIEQ · New entry · 1d

weight 0 → 0.050% (new)

Jul 1·entry $306.40·now $296.63Fresh

-3.19%
since Jul 1

Buffett-style framework

Fails the frameworkas of Jul 5

The AI ETF AIEQ has initiated a new position in Air Products, indicating a buy signal. This action contrasts with the framework's verdict of "Fail," which is primarily driven by the absence of a discernible margin of safety at current valuation levels.

  • Circle of CompetenceThe industrial gas business, characterized by long-term contracts and essential inputs across diverse industries, offers predictable unit economics suitable for long-term cash flow projections.
  • Economic MoatAir Products benefits from high capital intensity, significant scale, and high customer switching costs associated with its integrated industrial gas supply infrastructure.
  • ManagementInformation on management's candor, capital allocation discipline, and skin in the game is not available in the provided data for a definitive assessment.
  • Financial HealthInsufficient historical financial data is provided to evaluate the 10-year average ROE, operating margin trends, debt manageability, or owner earnings definitively.
  • Margin of SafetyThe current valuation metrics (PER 32.41, EV/EBITDA 22.08) appear elevated relative to the company's recent growth and ROE, suggesting no clear margin of safety.

Air Products and Chemicals operates within a predictable industrial gas sector, passing the circle of competence, and possesses strong economic moats derived from scale and switching costs. While a full assessment of management and financial health is limited by available data, the most significant hurdle for a Buffett-style investor is the current valuation, which offers no clear margin of safety.

Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.